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Healthcare
Rare genetic disease treatment becomes the world’s most costly drug at $4.25mn
In the US, a new gene therapy that treats a rare genetic disorder that attacks the nervous system central of young children is priced at $4.25mn. This makes it the most costly drug in history.
Lenmeldy, a medicine developed by Orchard…
Indivior’s US moves gets closer as major investors will not oppose the move
Indivior's top shareholder -- one of the largest institutional investors in the City -- is unlikely oppose its plans to move to the United States.
Indivior, a company that specializes in treating substance abuse disorders and serious…
AstraZeneca acquires next-generation cancer treatments
The largest British pharmaceutical group has acquired a Canadian firm that is developing the next generation of cancer treatments. This is its second acquisition this week, aimed at boosting its drug pipeline.
AstraZeneca is accelerating…
Pfizer begins to reduce its stake in Haleon
Pfizer is selling a stake of its former joint venture in consumer healthcare, Haleon. The sale will be worth approximately £2.3 billion.
The American drug company intends to reduce its remaining holdings in the manufacturer of Sensodyne…
AstraZeneca purchases rare diseases group in order to boost drug pipeline
The largest pharmaceutical company in Britain has signed a deal to buy a French company that specializes in rare diseases for more than $1 billion. This is part of its efforts to boost the pipeline of drugs.
AstraZeneca agreed to…
Halma becomes cervical cancer specialist
Halma has acquired a company which makes devices for early detection and prevention cervical cancer.
The FTSE 100 manufacturer of health and safety products has reached an agreement for Rovers Medical Devices to receive up to €91m.…
Data shows that expired Pfizer Covid antiviral medications will cost Europe $2.2bn.
According to data from the European Health Agency, more than one billion dollars of Pfizer Covid-19 antiviral medications procured by Pfizer in Europe were wasted because strict controls on who could receive the medication led to millions…
The boom in private health insurance exposes its own flaws
The demand for private medical insurance has soared. Unprecedented waiting lists in the UK NHS, and a crisis within primary care in the country have pushed it to its highest level in many years. The surge in demand poses problems for both…
Tonix Pharmaceuticals’ CEO Reveals Next-Generation COVID Vaccine Technology chosen for key…
The landscape of vaccine technology is witnessing a revolutionary change with the introduction of TNX-1800, a next-generation COVID-19 vaccine developed by Tonix Pharmaceuticals. Led by CEO Dr. Seth Lederman, the company has made…
Enhancing Efficiency and Accuracy with Wireless Temperature Monitoring Solutions:
Enhancing Efficiency and Accuracy with Wireless Temperature Monitoring Solutions: Revolutionising Temperature Control in Multiple Industries
In today's fast-paced and complex world, the need for efficient and accurate temperature control…
Need for £8bn to meet demand in England for social care over the next decade
According to a recent study, the funding for social care in England must increase by more than £8bn to keep up with the demand over the next decade. It will also have to grow at a rate more than twice as fast as the last decade to improve…
Junior doctors join NHS consultants on strike in England
The first coordinated strike by both groups in the 75-year history of the NHS will see junior doctors join consultants, marking a dramatic increase in their dispute with government over pay.
The first mass walkout, which was branded as…
Babylon virtual GP creates two divisions in administration
Babylon, the digital health company that created the NHS GP at Hand App, has put two of its divisions under administration.
Alvarez & Marsal, a restructuring firm, confirmed late Wednesday that it was appointed administrator of…
Centene will sell GP clinics, hospitals and other healthcare facilities in the UK market
Centene, the US health insurer, is selling its GP clinic chain, along with the largest private hospital group in Britain, abandoning ambitious plans to penetrate the British healthcare system.
Three people familiar with the sale process…
UK lags behind peer countries in discharging hospital patients, study finds
A new report shows that the UK is behind other comparable countries when it comes to the speed of discharge from hospital for medically-fit patients. This is due to under-investment in health care and a lack of coordination across the…
Ministers warn against “fiddling” with NHS cancer targets
The government has warned UK ministers against "fiddling around" with cancer treatment targets. Senior clinicians are "driving" the changes, according to the government.
The warning was issued as the Health Department announced 900 new…
Industry body warns that drug tax could increase the cost of medicines on the NHS
According to an industry group, the NHS could spend billions more on medicine if its defacto tax on generic drugs discourages manufacturers from launching cheaper alternative products in the UK.
The British Generic Manufacturers…
Private equity firms bet on UK health care as NHS waiting list grows
In the last two years, private equity firms have acquired dozens of UK healthcare businesses including ambulance fleets as well as eye-care clinics, diagnostics companies and diagnostics. They are trying to take advantage of the soaring NHS…